Main reasons for taking on debts or loans SEA 2023

Published by Statista Research Department, Sep 11, 2024
According to a survey conducted in Southeast Asia in June 2023, the need for immediate funds was the most common reason for taking on debts or loans, with 37 percent of the respondents having selected it as one of their reasons. In contrast, six percent of the surveyed consumers in the region said that they would take on debts or loans for vacation purposes as of June 2023.

Most common reasons for taking on debts or loans in Southeast Asia as of June 2023

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Release date

August 2023

Region

Asia, APAC

Survey time period

June 16 to 27, 2023

Number of respondents

3,000 respondents

Special properties

with 500 respondents each in Singapore, Thailand, Vietnam, Malaysia, Indonesia and The Philippines

Supplementary notes

Original question: "Why would you take on debt/loans?"

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